Common use of Purpose and Use of Funds Clause in Contracts

Purpose and Use of Funds. All amounts borrowed under the Facility shall be used by Borrower for (i) working capital and other general corporate purposes, (ii) the acquisition of equipment, in the ordinary course of Borrower’s business, and (iii) dividend of amounts to EWC GP and EWC LP, which shall in turn dividend such amounts to Parent for the purposes provided in paragraph 7.30.

Appears in 1 contract

Samples: Credit Agreement (Encore Wire Corp /De/)

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Purpose and Use of Funds. All amounts borrowed under the Facility shall be used by Borrower for (i) working capital and other general corporate purposes, (ii) the acquisition of equipment, in the ordinary course of Borrower’s business, and (iii) dividend of amounts to EWC GP and EWC LP, which shall in turn dividend such amounts to Parent the Borrower for the purposes provided in paragraph 7.30.

Appears in 1 contract

Samples: Credit Agreement (Encore Wire Corp /De/)

Purpose and Use of Funds. All amounts borrowed under the Facility shall be used by Borrower for (i) working capital and other general corporate purposes, (ii) purposes or for the acquisition of equipment, in the ordinary course of Borrower’s 's business, and (iii) dividend of amounts to EWC GP and EWC LP, which shall in turn dividend such amounts to Parent for the purposes provided in paragraph 7.30.

Appears in 1 contract

Samples: Financing Agreement (Encore Wire Corp /De/)

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Purpose and Use of Funds. All amounts borrowed under the Facility shall be used by Borrower for (i) working capital and other general corporate purposes, (ii) the acquisition of equipment, in the ordinary course of Borrower’s 's business, and (iii) dividend of amounts to EWC GP and EWC LP, which shall in turn dividend such amounts to Parent for the purposes provided in paragraph 7.30repayment of the loans from the Lenders to Parent.

Appears in 1 contract

Samples: Financing Agreement (Encore Wire Corp /De/)

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